Thursday, October 9, 2008

Financial meltdown?

There is a lot of panic around and i still dont understand as to why one needs to panic. The financial cruch or financial meltdown whatever it is called seems to be virtual and its all in the mind. The herd mentality is killing everything and plunging things into a blackhole. There was a mortgage mess, now a credit crunch situation and finally will lead to recession and finally leading to great depression. There are few things one can do to keep yourself afloat....
1) Just dont assume things and act foolishly
2) Start saving things..small cents add up to a dollar and dollars add up to a million
3) Save on gas...start walking around when you can..use public transport if there is one or car pool
4) Clip coupons and start saving those small cents
5) Buy essential things and spend a tad more than normal to stay healthy.. else your medical bill will creep up.
6) Pay bills on time and keep up your financial health
7) Unemployed? Start something and keep profit margin low so as to make some money and help others cut down their cost.

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